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A rechargeable Lithium-ion battery
Ronny Hartmann/AFP via Getty Images
Investors are convinced electric vehicles are the future of personal and commercial transportation. That belief is impacting sectors outside of the car business as much as it is affecting car stocks.
Lithium mining is one of those sectors. EVs need lithium for lithium-ion batteries that make the cars go. Two stocks are on the move Friday, adding to recent gains, after a new bullish take from Citigroup.
Analyst P.J. Juvekar upgraded
SQM
(ticker: SQM) and
Albemarle
(ALB) stock to Buy from Hold. His price target for SQM stock goes to $62 from $55. Juvekar’s price target for Albemarle stock goes to $184 from $176.
“We are turning more bullish on lithium due to: EV momentum in China and Europe, the dissipation of excess lithium inventory, and announcements by OEMs like GM to go all-electric by 2035,” writes the analyst
Transport infrastructure consists of the mounted installations, including roads , railways , airways , waterways , canals and pipelines and terminals resembling airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (including fueling docks and gas stations ) and seaports Terminals may be used both for interchange of passengers and cargo and for upkeep. There may be some disagreement on which nation has the most important proven gasoline reserves. Sources that think about that Russia has by far the biggest proven reserves include the US CIA (47 600 km³), 26 the US Power Data Administration (forty seven 800 km³), 27 28 and OPEC (48 seven-hundred km³). 29 Nonetheless, BP credits Russia with only 32 900 km³, 30 which might place it in second place, slightly behind Iran (33 one hundred to 33 800 km³, depending on the source). With Gazprom , Russia is frequently the … 
